ContractBill

Factor, cost index and quoted %

The book rates on your schedule are not what you are paid. The department corrects them with a factor, brings them up to today with a cost index, and then applies the percentage you quoted above or below. The boxes at the top of the Bill page hold these numbers, and every sheet of the bill follows them.

Checked against ContractBill on 12 October 2026

How to fill them in

  1. On the tender, press Open bill. The Calculation boxes are at the top.
  2. Factor: the correction factor of your tender, often 0.973 in DUSIB. It is copied from the Schedule page the first time you open the bill.
  3. Correction applies: choose On the total or On each item, the way your department does it.
  4. Cost index %: the cost index printed in your tender papers.
  5. Quoted %: the percentage from your award letter, and Above or below.
The Calculation boxes on the Bill page: Factor, Correction applies, Cost index %, Quoted % and Above or below
The Calculation boxes. Every figure on every sheet of the bill follows these.

Things to know

  • The Factor must be above 0 and up to 2. Percentages must be from 0 to 100. You can type commas, they are left out.
  • If a box is empty or wrong, it turns red, and every sheet shows one line asking you to fix it instead of a wrong figure.
  • On the total corrects the total of the main items once. On each item corrects every rate and prints the corrected rate on each line, like 405.45 x 0.973 under it. The two can differ by a few paise because of rounding, so follow your department.
  • MKT and Recovery items are at par: no factor and no cost index.
How it is worked out

The bill follows one chain. Each amount is rounded to the paisa, and the Work Outlay to the whole rupee:

Work Outlay = Total, less or add the Quoted %, where Total = (Main items x Factor) plus Cost index %, plus MKT, less Recovery

For Main items of 10,00,000, a factor of 0.973 on the total, a cost index of 5%, MKT items of 20,000, a Recovery item of 5,000 and a quote of 3.89% below:

StepWorkingAmount
Main itemsDSR, Appd. and NS10,00,000.00
Applying correction of 0.97310,00,000 x 0.9739,73,000.00
Applying cost index of 5%9,73,000 x 5%48,650.00
Corrected DSR total10,21,650.00
Plus MKT, less Recovery, at par20,000 less 5,00010,36,650.00
Less 3.89% below10,36,650 x 3.89%40,325.69
Work Outlayrounded to the rupee9,96,324

With On each item, a rate of 405.45 becomes 405.45 x 0.973 = 394.50, and each line is worked out at that rate.

If you see this message

Type the factor in the box above and your figures will show here.

The Factor box is empty. Type the factor from your tender papers.

Must be above 0 and up to 2 under the Factor box

A factor is a number like 0.973. Correct it and the sheets come back.

Must be from 0 to 100 under a % box

Type the percentage as a number, like 3.89, without the % sign.

Still stuck? Write to admin@revenin.com.